SPXBullish spinning top day. Could be start of an evening star pattern (third day needs to gap lower). Stayed above the 1.786 fibo (using low) of 1190.89 (next is the 1.8276 at 1218.63). Midpoint above 10 SMA. New high on daily 3LB with reversal now 1196.48. QE2infinity.

EURUSDBearish long day. Midpoint above the 10 SMA. Closed below the 55 SMA. Next fibo level of 1.2935 is still a target in case of weakness (don't worry it's coming). No daily 3LB changes.

GOOGBullish spinning top day. Negated evening star. Held the 61.8% fibo ext. Tested the 85.4% fibo ext and failed. New high on daily 3LB with reversal now 576.45. *Currently getting killed in after hours post earnings.

The Bond Report 4.15.10 (courtesy of LB)

Another solid day across the board in the fixed income universe. HY outperformed IG and TIPS > vanilla Ts. Interesting to see a steady flow of money into bonds with the equity market flying so high.... JNK is just about to complete a "double top".... hmm....

Not knowing ANYTHING (except for which people are either getting voted off the island, or 'booted' from Dancing with the Stars)...

Americans think DEPRESSION (deflation), is the 'worst of all worlds'...

Hansel & Gretel (over there), have heard all the HORRIBLE stories about wheelbarrows...

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So people... If it comes right down to it, and Germany eventually PULLS OUT of the Euro, let's all those other corny economies INFLATE AWAY (just like Helicopter Ben seems to think he needs to do here)...

Well, CV doesn't want his assets in DOLLARS or EUROS, that's for sure...

That move, ALONE, would EXPOSE Bernanke for the effin FOOL that he is...

....The government says they are having problems with last week's initial claims. It seems the Non-seasonally adjusted numbers jumped by....100K! I know, I know...we are not in Kansas anymore...(and I read the Briefing.com "explanation")

CV, this P3 you talk about so much. It would affect Canada also? If so, I wonder what would happen to my cousins' EGO. I have 4 cousins in Calgary. They flipped like mad during 2006-2007 RE boom. One is a semi real estate agent. He got hold of a mortgage banker and used bank's money to flip. Man, they think they are on top of the world. They bought lot of property in India also. Now, they dono't even talk to us anymore. Although my mother helped them immigrate and settle in Canada.

I'm really digging this site lately. Check out the beginning list of reasons to be bearish. THen check out the Bear count. Then to really get your mouth salivating, check out the chart at the end for Russell 2000. It is screaming to be shorted - but not yet.

Good article about why Portugal is the next Greece: http://ow.ly/1z3Jy

Google failing to meet estimates might cause some selling in Asia and downward pressure on JPY crosses pulling everything back in the futures so you can buy it again tomorrow morning. Ground-hog night ...

McHappy, Among other things in that link, that bull count is wrong. One simple example is it looks like the 3 approaching the green [iii] is the shortest wave. Plus, it only looks like 3 waves. You really have to force a count to make it bullish, and break a lot of rules in the process.

That is a cool site though, I think it's the one that did the Cramer vs. Elliot right? I like that they have several different counts.

CV - Re your doomsday preparations ...I laughed like a drain imagining LB going around the KFC dumpsters for fuel to get out of town. LB is the smart one, he will probably be on the last flight out to Tahiti where he and Karen can live happily ever after naked on a beach, living on coconuts.I used to date someone whose family believed all this was going to happen with the bird flu, I am well versed in survival preparations!

I'm not irritated with YOU my man (but I'm irritated by that question)...

OK - For about the 20 "billionth" time I've answered...

I'M GOING TO NOW CHANGE MY TACTICS... I"M GOING TO ANSWER THE QUESTION WITH A QUESTION...

Do you REALLY think that someone that has gone through the 'meticulous' thought process of planning and preparing for any event outcome would have NEVER considered what you just asked (and have worked up contingency plans for THAT as well)???

I mean, how 'effin stupid do you people think CV is?

Answer: Pretty Stupid, Evidently...

It's akin to planning for a wedding reception and never thinking that it might rain...

"Oh WAIT, What if it rains?... Now why did I never think of that before?"... Boy am I stupid! - LOL

That's like ME coming out with a press conference and saying... "CV will get us to Mars in his lifetime"... I'll have NOTHING TO DO WITH IT of course, but if it happens before I die, and I said it first, I can assign myself credit for it... It's simply a "predictive outcome" of something within a timeframe...

Of course, without OBAMA, it would NEVER be possible...

But hell, I guess I believe him... He's already gotten our budget deficit to PLUTO in a years time... Mars should be a piece of cake!

P3 is NEVER going to happen... So why should there ever be any potential marauding gangs of thieves anyway...

Unless someone thinks that there are gangs of people out there in cyberspace, right now, looking around and saying to themselves...

"Hmmm... There might be a P3, so if there is, I'm not going to bother preparing anything... I'm just going to be a PIRATE... So no need to buy a bag of rice... I'll just buy a gun and run around killing people until I run out of full metal jackets"... LOL

I've been wrong at certain price levels for short periods of time this last several months (i.e. 950 and 1150), for sure. And, I might be wrong again at this "zone," but I'm incredibly bearish right now.

Anyone watch Spartacus? IF so, remember the last episode, pretty slow show, until the final 4 seconds. One of the brothers asks Spartacus how they will get past the guards and escape, Spartacus answers, "There is only one way - we kill them all."

I imagine Prechter sitting around taking a question from one of his hacks, "But sir, how do we get past the bulls to P3?" Prechter: "There is only one way - we kill them all."

In baseball terms, the Contagion Team is at bat. Portugal is in the batter's box and Spain is on deck. Greece is on second base in scoring position. The EU is on the mound lobbing softballs while the IMF is in the bullpen warming up. Germany plays for team EU but refused to dress for the game.

Morning ...Divergences / correlations. There has been quite a divergence between EURJPY and indices lately. This normally predicts a move lower for both if past results hold true. Key support for EURJPY is at 125.00

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This blog should not be interpreted as investment advice of any kind.The authors are NOT representing themselves CTAs or CFAs or Investment/Trading Advisor of any kind.The authors may or may not trade in the markets discussed.The authors may hold positions opposite of what may by inferred by this blog.The information contained in this blog is taken from sources the authors believes to be reliable, but it is not guaranteed by the authors as to the accuracy or completeness thereof and is presented here for information purposes only. Commodity trading involves risk and is not for everyone.

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- Andy Dufresne

"The Shawshank Redemption"

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This Blog's primary focus is on trading based upon technical analysis. It is run by "AmenRa" and "AndyT," quasi-anonymous traders who employ technical analysis to assess market conditions and trading opportunities. AmenRa utilizes 3LB techniques, Moving Averages and Fibonacci sequences. AndyT's analysis relies primarily on "Wave Theory" and Fibonacci sequences. The Comments Section is uncensored and open to the public. Please try and adhere to the "Blogger Policy."